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Author Topic: Creditors told to wait nine months  (Read 12121 times)
Ardiles

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« Reply #15 on: Friday, July 13, 2007, 08:31:49 »

Quote from: "Sippo"
I'm going to be contraversial here.......

They're businessman. Their not stupid. Dunwoody is, from what I gather, a successful company. They know what they're doing and obviously know how to fob off the people they owe money to. They are obviously waiting for big investment down the line somewhere. Most of the creditors would rather have their money so will wait that little longer rather than getting nothing.





*Now awaits hanging........*


You can play that game for so long, but if you alienate your customers, your landlord and your creditors....sooner or later, it will all come back to haunt you.  This is what is happening right now.

When you're in a hole, you need allies - a the current board have none.  We're in deep trouble.
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STFC Bart

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« Reply #16 on: Friday, July 13, 2007, 08:33:06 »

Dunwoody- successful.

you run a credit check on them- obviously not
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janaage
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« Reply #17 on: Friday, July 13, 2007, 08:38:43 »

So it's not bullying?

Either wait

or you get nothing.

If I was owed money in future I would not ever deal with anyone connected to the club.  Fuck the lot of them.  

Is how I would think.
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Sippo
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« Reply #18 on: Friday, July 13, 2007, 08:40:11 »

Quote from: "STFC Bart"
Dunwoody- successful.

you run a credit check on them- obviously not


Well they're still in business so can't be that bad....
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ghanimah

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« Reply #19 on: Friday, July 13, 2007, 08:42:11 »

Quote from: "Sippo"
I'm going to be contraversial here.......

They're businessman. Their not stupid. Dunwoody is, from what I gather, a successful company. They know what they're doing and obviously know how to fob off the people they owe money to. They are obviously waiting for big investment down the line somewhere. Most of the creditors would rather have their money so will wait that little longer rather than getting nothing.





*Now awaits hanging........*


Indeed you're right, however there's more than one way to run  a business. I would imagine it's not in the best interest of the club to  upset the council (one of the creditors), by failing to pay the cva, announce they can extend it at will (not true!) but not discuss it, then announce a big 'investment', buy players etc, then tell the council, 2 weeks after the deadline, they may have to wait a further 9 months for taxpayers money.

Considering the council owns the land and the club will probably submit a redevelopment proposal in the near future it's hardly the most constructive way of building business relationships.
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Ardiles

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« Reply #20 on: Friday, July 13, 2007, 08:45:42 »

Furthermore, it is accepted by just about everyone that the club's medium/long term viability rests on a ground development or redevelopment.  Given the board's cavalier attitude towards Swindon Council, the club's landlord, it is looking increasingly likely that they have no intention whatever of remaining in Swindon.  That bridge has been well & truly burned.
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stfctownenda

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« Reply #21 on: Friday, July 13, 2007, 08:48:34 »

Quote from: "Sippo"
Quote from: "STFC Bart"
Dunwoody- successful.

you run a credit check on them- obviously not


Well they're still in business so can't be that bad....


The worrying thing is we are one of the main reasons they are still in business the financial incomings from us have kept a struggling company a float for years  Sad
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Batch
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« Reply #22 on: Friday, July 13, 2007, 08:50:29 »

Quote from: "jonbd"
Sending out a letter like that, while we are signing up players and "sporting directors" left right and centre, is taking the piss. What the hell are they playing at! Their incompetence seems to ramp up a notch just as we think they can't sink any lower!


I'm far from being a fan of the regime, but you need players to keep the club as an ongoing concern. No club=no investment.

Now the sporting director is an odd one, but I think the OS said it was conditional on the investment so hasn't officiallly happened yet.

Aside from that then yes, it does stink a bit. I'm amazed the letter came out 2 weeks AFTER the debt was due rather than two weeks before it was due. Perhaps they thought they would have the money by the end of June, who knows.  Andronikou never suprises me, but after seeing the stunt the Leeds administrators pulled I am a little sceptical of impartiality of any CVA supervisor/administrators...
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RobertT

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« Reply #23 on: Friday, July 13, 2007, 08:50:41 »

Quote from: "Sippo"
Quote from: "STFC Bart"
Dunwoody- successful.

you run a credit check on them- obviously not


Well they're still in business so can't be that bad....


Couldn't pay bills to QPR last season so had their contract terminated and one of the groups arms is currently under a CVA.  The people running it might be getting success of of it but the business is not.
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STFC Bart

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« Reply #24 on: Friday, July 13, 2007, 08:54:09 »

Exactly correct- STF  has been the mainsource of income for the past few years
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janaage
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« Reply #25 on: Friday, July 13, 2007, 08:59:10 »

I suppose what I'm trying to say is that it's not the greatest way of relationship building and keeping certain people on side.
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STFC Bart

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« Reply #26 on: Friday, July 13, 2007, 09:00:11 »

Exactly which begs the question:

Upset the council- no intention of staying in Swindon
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chalkies_shorts

« Reply #27 on: Friday, July 13, 2007, 09:08:26 »

Quote from: "STFC Bart"
Exactly which begs the question

Upset the council- no intention of staying in Swindon
STFC Bart says
Exactly which begs the question:

Upset the council- no intention of staying in Swindon

Exactly what I'm thinking. Engineer an even more desperate situation - piss the Council off even more and bingo Chippenham here we come. They make shitloads of money and we get a Kassam situation - albeit with 4 sides.
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STFC Bart

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« Reply #28 on: Friday, July 13, 2007, 09:12:32 »

Thats exactly what is planned i think- dont think the FL will allow it though.

But hey- when have STFC ever forward planned/researched anything
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ron dodgers

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« Reply #29 on: Friday, July 13, 2007, 09:25:27 »

I just hope that the Football League don't view this as a substantial change to the CVA to warrant a points deduction. I'm sure the acting Chief Exec/Administrator has checked.
 Would Mark D know the answer to this hypothetical question? Anyone from the club browsing this - could they put my mind at rest?
Anybody?
Anything?
Help- please
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